The US manufacturing and service sectors tell different stories. Manufacturing ticked down, prices rose; services ticked up, prices flat. But both have one thing in common: big move up in employment.
Global PMI
Global PMI
Thursday, March 3, 2022
A miss in US services PMI. The prices component rose slightly. But the US manufacturing PMI prices component fell, continuing in an unintuitive year-long downtrend.
Global PMI
Thursday, February 3, 2022
What's most remarkable about the January PMI's around the world is how little you can see the traces of the Omicron case-wave. Suggests that the virus has never been the economic problem -- the lockdowns have been.
Global PMI
Thursday, January 6, 2022
November's crazy-great US services number fell back to the merely excellent.
Global PMI
Friday, December 3, 2021
OMG. So much for the "peak ISM" narrative, at least as far as US services are concerned. And the prices-paid component even backed down a bit! Perfect!
Global PMI
Wednesday, November 3, 2021
US services PMI at a new all-time high. We don't like to say a statistic "soared," but, well, this one did.
Global PMI
Tuesday, October 5, 2021
Strong PMI Services results in the US and almost everywhere else run against the prevailing narrative that global growth slowed at the end of Q3.
Global PMI
Friday, September 3, 2021
Strong US and Europe numbers. But memo to Chairman Xi: China is indicating pretty much no growth at all (or worse).
Global PMI
Wednesday, August 4, 2021
Odd that China's PMIs continue to be the weakest in the world. They claim, and their statistics represent, that they have completely conquered the pandemic.
Global PMI
Tuesday, July 6, 2021
US services PMI misses, but still at a very high level. Respondents are mixed between awe at the pace of recovery and frustration over supply chain issues.